Hanwell aims to double top line with expanded offerings

Singapore

HANWELL Holdings is looking at doubling its top line in three to five years' time by increasing its consumer product offerings by about 30 per cent, said executive chairman and largest shareholder Sam Goi.

Hanwell posted S$257.8 million in top line for the first half of FY2021, up about 20 per cent year on year. Its consumer business, however, reported a drop of 5.6 per cent in revenue, mainly due to a high base last year as a result of a demand surge for rice and paper products during the "circuit breaker".